Key Metrics
- No. of Employees134
- Founded Year 2006
- Company StagePublic Limited Company
- Total Funding₹373.25 Cr
- Industry
- Headquarter
- Company StatusActive
About PayMate
PayMate collaborates with top Visa commercial card-issuing banks to streamline credit facilitation for both payables and receivables within supply chains. This transition from conventional cash, cheques, and EFT to card transactions comes with numerous inherent risk-mitigating advantages for banks, coupled with extended days payables for buyers.
The platform boasts features such as Procure to Pay automation, credit evaluation, a discount marketplace, and APIs for seamless integration into existing accounts/ERP systems, ensuring a deployment process with minimal friction. Operating on a cloud-based infrastructure, it is accessible across all types of devices.
Top Competitors
AR
ArteriaU72900KA2007PTC041911
RA
Razorpay U72200KA2013PTC097389
PA
PayuU72400MH2006PTC293037
PayMate Funding Details
Funding Highlights
Latest Funding RoundSeries E
Total Funding Raised₹373.25 Cr
No. of Investments Made0
Total No. of Acquisitions1
Lead Investors3
Investors
- Lightbox Ventures, Mayfield, CXI Valley
Funding Details
Funding History
Funding Per Year
Acquisition Company Done
PayMate Financial Details
Financial Highlights
FY 2022-23 Revenue₹1,351.6 Cr
FY 2022-23 Expenses₹1,407.32 Cr
FY 2022-23 Profit/Loss-₹55.72 Cr
Net Cash Flow From Operations-₹13.51 Cr
Full Financial Details
Financial Comparison
Revenue Breakdown
Expense Breakdown
Shareholding Structure
Financial Ratio
PayMate Key People
People Metrics
Current Core Team2
Board Members/Directors6
PayMate Documents